Volume and price of battery materials Qisheng Dow's net profit in 2021 is 7-9 times higher than that of the same period last year.

On the evening of January 14, Dow Technology (300409) disclosed its 2021 performance forecast that the company expects to achieve net profit of 495 million-605 million attributable to shareholders of listed companies in 2021, an increase of 717.96% and 899.73% over the same period last year.

Dow Technology said that the strategic layout advantage of the company's new materials will be highlighted in 2021. Benefiting from the booming development of the new energy industry, the industry demand has continued to improve, with sufficient orders for cobalt salts, ternary precursor products and graphene / carbon nanotube conductive agents, product structure optimization, and a significant increase in gross profit margin compared with the same period last year. The volume and price of the products have increased, and the market share of the products has been further expanded.

The data show that Jiana Energy and Qingdao Haoxin are the main bodies of research, development, production and sales of new energy battery materials by Dow Technology. Carner Energy is one of the important domestic manufacturers of cobalt salts and ternary precursors. The main products are cobalt salts such as cobalt chloride, cobalt sulfate, cobalt carbonate and cobalt oxalate, as well as ternary precursors. Qingdao Haoxin is one of the few enterprises that can realize large-scale production and sales of graphene conductive agent in China, and its main products are graphene conductive agent and carbon nanotube conductive agent.

The battery network learned that Dow Technology is using Griffin as the carbon material business integration platform to integrate the carbon material conductive agent business. At present, Qingdao Haoxin has been changed into a wholly-owned subsidiary of Griffin.

On December 21, 2021, Dow Technology announcement plans to further implement the asset integration of carbon materials, expand the production scale of conductive agent, and further improve the complete supply chain and R & D system of conductive agent, including catalyst, carbon nanotube powder, high purity powder, conductive paste, NMP recovery and so on. Specifically, Foshan Dow plans to increase the cash capital of Griffin by 200 million yuan, Griffin plans to transfer 52.47 million yuan to Jiangmen Dow New Energy Materials Co., Ltd., and Griffin plans to transfer 100% equity interest in Ganzhou Haoxin New Energy Co., Ltd. held by Foshan Dow with 20.98 million yuan.

Dow Technology pointed out that through the implementation of carbon material asset integration, Griffin will strengthen market demand orientation, actively expand external market orders, accelerate the development of the company, and seize the opportunity of the rise of new energy vehicles in the future.